Market Trends of UAE Gas Hobs Industry
This section covers the major market trends shaping the UAE Gas Hobs Market according to our research experts:
Increase in Disposable Income helps in market growth
The demand for residential hobs is rising owing to an increase in disposable income, which is making residential hobs more affordable. The growth in per capita disposable income, coupled with the number of families choosing to live separately in nuclear houses, is also a major reason propelling the growth in the demand for hobs in the market.
Increase in the number of new household construction is one of the major factors driving the demand for residential hobs. Participants of the residential hobs market are coming up with products with additional features at attractive prices, which are affordable for all segments of the society. The increasing purchasing power of the consumers also plays a significant role in shifting consumer preferences from buying conventional cooktops to more advanced cooking equipment such as hobs which again proves to be a growth driver for the hobs market.
With advanced features such as variable number of burners or induction tops, zone hobs have become a preferred choice among consumers. Manufacturers of hobs are engaged in research and development to enhance their profit margins and, at the same time, offer efficient products. Growth of the food industry also positively influences the growth of the hobs market.
Surge in Number of Smart Homes growing the market
With the growing urbanization in developing economies, there has been a surge in smart homes, which is estimated to bolster the market's overall growth. Furthermore, the increasing number of internet users, growing adoption of smart devicesfurther fuels market growth.
The growing need for energy-saving and low-carbon-emission-oriented solutions propels the global smart home market. Energy efficiency is an important aspect of a country's economic development. There has been a growing demand to reduce energy usage and carbon emissions as a result of rising global warming and regulatory regulations. Smart homes account for a significant percentage of the world's total energy consumption. This factor is projected to be the most significant factor driving the growth for this market.
